Ezekwesili insists buharis economic policies opaque archaic
It appears that Oby Ezekwesili, a former Nigerian Minister of Education and a prominent economist, has made a statement criticizing the economic policies of President Muhammadu Buhari's administration. Specifically, she has described the policies as "opaque" and "archaic".
Here's a breakdown of what she might be referring to:
- Opaque: Ezekwesili might be suggesting that the Buhari administration's economic policies are not transparent or clear in their implementation. This could mean that the government is not providing adequate information about its economic decisions, making it difficult for citizens, businesses, and investors to understand the reasoning behind certain policies or decisions.
- Archaic: By calling the policies "archaic", Ezekwesili might be implying that they are outdated, inflexible, and not responsive to the changing needs of the Nigerian economy. This could be referring to the fact that the country's economic policies may not be taking into account the impact of globalization, technological advancements, or other contemporary issues that affect the economy.
Some possible examples of opaque and archaic economic policies that Ezekwesili might be referring to include:
- The lack of clear guidelines for the implementation of the country's monetary policy, which has led to confusion and uncertainty in the financial markets.
- The persistence of fuel subsidies, which have been criticized for being inefficient and distorting the market.
- The slow pace of reforms in key sectors such as power, transportation, and agriculture, which have hindered economic growth and development.
- The limited support for small and medium-sized enterprises (SMEs), which are critical to job creation and economic diversification.
It's worth noting that Ezekwesili's criticism is not unique, and many economists and experts have also raised concerns about the Buhari administration's economic policies. However, it's essential to engage in a constructive dialogue to identify the root causes of these issues and work towards finding solutions that benefit all Nigerians.